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European Union
With over 492 million citizens the EU generates an estimated nominal GDP of
8.6 ($10.7) trillion in 2007. It represents its members in the WTO and observes
the G8 summits. Twenty EU countries are members of NATO. Important
institutions of the EU include the European Commission, the European
Parliament, the Council of the European Union, the European Council, the
European Court of Justice and the European Central Bank. EU citizens elect the
Parliament every five years.
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